World Bank Announces $ 200 Billion Over 5 Years Against Climate Change

The World Bank Group announced on December 3 on the sidelines of the opening of the Cop 24 in Katowice, Poland, the mobilization of $ 200 billion to combat climate change in developing countries on the period 2021 – 2025. This envelope is twice what the institution promised in 2016-2020

The World Bank says it will provide $ 100 billion in direct financing, with the rest coming from two agencies in the group for one-third and two-thirds of private financing.

These resources will certainly be devoted to the development of renewable energies, but they will put a particular emphasis on combating the effects of climate change (droughts, floods, etc.) that impact the lives of hundreds of millions of people in the countries of the South. According to the World Bank, there could be as many as 143 million climatic migrants from this part of the world by 2050.


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